441–450 of 450 posts
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This technology does not work as designed, advertised and towards the environment. And this announcement is an endorsement of the entire space which is full of scams, is this what you are also endorsing?
I'm not endorsing anything except good threads on Hacker News.
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> "if you have to liquidate 90% of your wealth in the middle of a market crash" That's why I said before the invasion, if the market already crashed probably too late to matter, but you'd still want to get whatever you have out. > "And finally, movements of capital across borders are highly regulated. You can't simply cross the border and "recreate" your wealth on the other side, because all you will have re-created…
Indeed... to me it seems clear that you have little experience escaping autocratic authoritarian governments, and that you don't know much about international finance either (or finance for that matter), yet you somehow feel qualified to talk about these topics and give foolish advice. Don't do that. You're not helping anyone, or any cause.
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What changed is, someone very powerful said this: "One of my incredibly big misses over the last decade was not buying enough Bitcoin. At $60k per Bitcoin, I'm still not sure if one should aggressively buy it, but surely it is telling us that we are at a crisis moment for the Fed."
I'm not sure he actually is all that good at picking such things given his history https://en.wikipedia.org/wiki/Peter_Thiel#Clarium_Capital
> 57.1% return … 7.8% loss … 40.3% return
> …By 2011, after missing out on the economic rebound, many key investors pulled out, reducing the value of Clarium's assets to $350 million, two thirds of which was Thiel's money.
Sounds like it was overall somewhat profitable?
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> Maybe is that why I see Solana on the front-page of Stripe Crypto? This would be a great argument if Solana were the only cryptocurrency that Stripe was supporting, or if Stripe was only supporting cryptocurrencies with similar carbon footprints, but the top image above the fold is a screenshot of using Stripe to purchase Bitcoin. ETH and other PoW blockchains are also featured on the page. My core argument is that…
This is your suggestion: > Stripe should have waited until then to support ETH, and not support Bitcoin or other chains currently on proof-of-work. > but the top image above the fold is a screenshot of using Stripe to purchase Bitcoin. ETH and other PoW blockchains are also featured on the page. I'm not the one telling Stripe and merchants to 'Wait for ETH to migrate to PoS' to support crypto payments, just because P…
No, I'm not telling anyone do do anything. I'm merely pointing out that Stripe supporting PoW blockchains causes more carbon emissions than their recapture efforts will offset. If they wanted to avoid that, they could have only supported PoS blockchains, or not supported crypto at all. But it's their decision. I'm not telling them what to do, only pointing out that this decision reduces their recapture efforts to nothing to greenwashing.
I haven't tweeted at Patric Collison because the decision is already made, whatever I say isn't going to change that. A coworker of mine did try to discuss the issue with our Stripe sales rep and was told that the decision has been made and it's not changing. What good would it do to pester and antagonize the CEO on Twitter?
> And? Everyone knows that.
Then why are we arguing? If you read my original post, it was clear it's the only point I was making. I also made it clear that the existence of PoS blockchains doesn't invalidate the argument as long as Stripe supports PoW blockchains.
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You are conflating logistics with morality. The market will provide argument may make sense logistically but that does not mean its morality.
Logistics is something else entirely. Any consumer driven market is strongly indicative of its consumers morality, people just don't like to admit it.
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On the carbon footprint: Ethereum will adopt proof of stake soon, of course you can trade NFTs on other chains but at least there’s an effort to drop the carbon footprint to very low levels. That’s more than you can say about most economic activities that have a large carbon footprint. The scams seems like a very weak reason. The internet is full of scams, is the internet evil?
Ethereum has had "proof of stake" as a goal for multiple years, with no obvious evidence that it is any closer to implemented today than it was 3 years ago. I will believe Ethereum to be proof of stake when I see it.
Apart from a working PoS beacon chain, several multi client dev nets and the last merge testnet before the real merge (barring major bugs) currently running
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My interest in web3 + art is from finding new livable income sources for artists generally You should track down the New York Times article from this past weekend. From memory, it says that despite all the hype, almost no artists are making any money from NFTs. The average sale price is less than $400, which doesn't even cover materials.
What exactly are the "materials" to create an NFT? Photoshop?
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> but it does work all across europe, in every shop I went. That’s because deep inside it’s secretly something like a mastercard maestro, no? Why don’t you just get a “normal” card from N26 or similar? I used to have one of these weird not-visa not-mastercard debit cards, trying to use it internationally was just asking for trouble.
"That’s because deep inside it’s secretly something like a mastercard maestro, no?" Maybe? There is a maestro sign on it, but it is not a debit card. But my point was, that I do not know, nor want to know all the details of banking communication. I want it to work. It is a normal card around here and it does work in europe. So I never had the need to change, until now. So now I have a credit card, too and that is fin…
Apparently I do have an debit card and apparently something at Stripe had changed, since when I tried it some months ago, because now it all worked(without me changing anything) and I did not even needed my credit card. Who knows.
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"Fiat" does not mean "real-world money" as any money you consider "real" is "real". "Fiat" refers to money not backed by something physical, and it is not a new term that appeared from the cryptocurrency space (as many believe). The search trend, https://trends.google.com/trends/explore?date=all&q=Fiat%20M... , seems to be relative stable since start of collecting trend data (2004), with slightly increasing volume as…
fiat means by decree. Bitcoin made the term fiat popular.